US layoff announcements top 1.1 million in 2025, the most since 2020 pandemic, Challenger says
Layoffs rose 54% from last year, driven by AI advances, corporate restructuring, tariffs and the Department of Government Efficiency cuts, totaling 1.17 million jobs lost through November.
- Through November, Challenger, Gray & Christmas reported U.S. employers announced 1.17 million job cuts in 2025, the highest since 2020, up 54% from last year.
- Challenger said the surge was driven by corporate restructuring, business or unit closings, and market or economic conditions, which caused 245,086 layoffs last month.
- For November, Challenger said layoff plans totaled 71,321, down from October but up 24% year-over-year, with Verizon announcing more than 13,000 cuts and ADP reporting 32,000 private-sector losses.
- Employers have scaled back hiring, with planned hires down about 35% to 497,151 and seasonal hiring also down 35% through November.
- AI advances accounted for about 54,690 layoffs this year, and Challenger, Gray & Christmas flagged DOGE-related impacts and tariffs as additional drivers.
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Fox host admits layoffs under Trump at highest point in decades
Layoffs in the United States have surpassed 1.1 million in 2025, according to a new report. And even one Fox Business host who is typically in President Donald Trump's corner is taking notice of the dire economic picture heading into 2026.During a Thursday segment on Fox Business, Maria Bartiromo – who Trump was reportedly considering naming as his running mate in 2024 — read the details of the report aloud on her show, and remarked to panelist …
US job cuts down 54% in November, but 'forever layoffs' worry workers
Layoffs in November were lower than in October, according to consulting firm Challenger, Gray & Christmas, but were higher than in November 2024.
Making the Most of Your 'Between Jobs' Phase
The American job market is wobbling again. Layoff announcements have quietly climbed past one million this year, the highest level since the early pandemic, as companies restructure, adopt AI at record speed and brace for economic uncertainty. November alone brought more than 71,000 planned cuts. AI has been directly tied to more than 54,000 layoffs so far in 2025. Even tariffs have taken a toll, wiping out thousands of jobs across the country. …
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